Gujarat Calls for Bids on 500 MW Wind-Solar Hybrid Projects

24 Feb 2024 CW Team

Following the recent awarding of contracts for Phase I projects to KPI Green Energy and Juniper Green Energy, GUVNL is moving swiftly to advance its renewable energy agenda. Interested parties have until March 13, 2024, to submit their bids, with bid openings scheduled for the following day.

Prospective bidders must adhere to stringent financial requirements, including a bid processing fee of ₹1.5 million ($18,083.07) and an earnest money deposit of ₹928,000 ($11,146)/MW of quoted capacity. Additionally, successful bidders will be required to furnish a performance bank guarantee equivalent to ₹2.32 million (~$27,866)/MW of allocated capacity before signing the power purchase agreement (PPA).

Eligibility criteria encompass various project statuses, including those under construction, not yet operational, or lacking a long-term PPA. However, projects must not have existing obligations under other state or central programs and should mitigate technology risks by employing established and operational technologies.

Bidders from countries sharing a border with India are eligible to participate, provided they are registered with the competent authority. Furthermore, financial stability is a prerequisite, with the bidder's net worth required to meet or exceed specified thresholds based on the project's solar PV and wind power components.

To ensure adherence to quality standards, only certified wind turbine models listed by the Ministry of New and Renewable Energy (MNRE) and solar modules approved by the MNRE will be permitted for use in the projects.

Successful bidders must finalize a PPA with GUVNL within 30 days of receiving the letter of intent or within 10 days of tariff adoption by the Gujarat Electricity Regulatory Commission, whichever is later.

With its latest tender, Gujarat reaffirms its commitment to renewable energy expansion, positioning itself as a frontrunner in India's transition towards sustainable power generation.

GUVNL's emphasis on technology reliability and financial stability underscores its dedication to facilitating the growth of renewable energy infrastructure, contributing to both environmental sustainability and energy security in the region.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has launched Phase II of its ambitious renewable energy initiative, inviting bids for the procurement of power from 500 MW grid-connected wind-solar hybrid projects. This phase also includes the provision for expanding the capacity by an additional 500 MW through the greenshoe option, a move aimed at further bolstering Gujarat's renewable energy portfolio.Following the recent awarding of contracts for Phase I projects to KPI Green Energy and Juniper Green Energy, GUVNL is moving swiftly to advance its renewable energy agenda. Interested parties have until March 13, 2024, to submit their bids, with bid openings scheduled for the following day.Prospective bidders must adhere to stringent financial requirements, including a bid processing fee of ₹1.5 million ($18,083.07) and an earnest money deposit of ₹928,000 ($11,146)/MW of quoted capacity. Additionally, successful bidders will be required to furnish a performance bank guarantee equivalent to ₹2.32 million (~$27,866)/MW of allocated capacity before signing the power purchase agreement (PPA).Eligibility criteria encompass various project statuses, including those under construction, not yet operational, or lacking a long-term PPA. However, projects must not have existing obligations under other state or central programs and should mitigate technology risks by employing established and operational technologies.Bidders from countries sharing a border with India are eligible to participate, provided they are registered with the competent authority. Furthermore, financial stability is a prerequisite, with the bidder's net worth required to meet or exceed specified thresholds based on the project's solar PV and wind power components.To ensure adherence to quality standards, only certified wind turbine models listed by the Ministry of New and Renewable Energy (MNRE) and solar modules approved by the MNRE will be permitted for use in the projects.Successful bidders must finalize a PPA with GUVNL within 30 days of receiving the letter of intent or within 10 days of tariff adoption by the Gujarat Electricity Regulatory Commission, whichever is later.With its latest tender, Gujarat reaffirms its commitment to renewable energy expansion, positioning itself as a frontrunner in India's transition towards sustainable power generation.GUVNL's emphasis on technology reliability and financial stability underscores its dedication to facilitating the growth of renewable energy infrastructure, contributing to both environmental sustainability and energy security in the region.

Infrastructure Urban

03 Nov 2025

VE Commercial Vehicles Reports 13.2% Sales Growth in October

VE Commercial Vehicles (VECV)—a joint venture between Volvo Group and Eicher Motors—recorded sales of 8,050 units in October 2025, up 13.2 per cent from 7,112 units in October 2024. The tally includes 7,771 Eicher brand units and 279 Volvo brand units. Eicher-branded trucks and buses posted sales of 7,771 units in October 2025 against 6,911 units a year earlier, reflecting 12.4 per cent growth. In the domestic market, Eicher sold 7,070 units compared with 6,611 units in October 2024—a rise of 6.9 per cent. On the exports front, VECV achieved a robust increase, selling 701 units versus ..

Infrastructure Urban

03 Nov 2025

BorgWarner Batteries to Power HOLON’s Autonomous Shuttle

BorgWarner, a global leader in sustainable mobility solutions, has secured a contract to supply its advanced battery system for the new HOLON urban—a 15-seater, Level 4 autonomous, fully electric shuttle developed by the BENTELER Group. This marks BorgWarner’s first contract for an autonomous vehicle battery system in North America. Each shuttle will feature two lithium nickel manganese cobalt oxide (NMC) 5AKM 157 cylindrical cell battery packs, each equipped with an integrated, replaceable contactor box and a multi-pack controller. The 57 kWh battery packs feature a modular design, stain..

Infrastructure Urban

03 Nov 2025

AtoB to Acquire India’s LogiPe in Global Fleet Fintech Expansion

LogiPe, a leading Indian fintech specialising in real-time payments and fleet solutions, has announced its upcoming acquisition by AtoB, a global financial services company transforming fleet payments and spend management. The move aims to strengthen AtoB’s worldwide capabilities in delivering next-generation financial services for fleet owners and operators. Founded in 2022, LogiPe works with over 10,000 fleet owners across India, offering prepaid card-based payment solutions to logistics players such as Bigstock Logistics and Instant Transports. The company pioneered real-time payments an..